Deck, Alan and Deck, Cary and Zhu, Zhen Decision making in a sequential game: the case of pitting in NASCAR. Journal of Sports Economics, 15 (2). pp. 132-149. ISSN 1527-0025 (2014)Full text not available from this repository.
This article uses data from NASCAR to examine strategic decision making with professional players and high stakes. The authors look at driver decisions to pit, enabling car performance to be improved at the cost of track position. Unlike other sports choices that have been used to test game-theoretic play, pitting decisions occur sequentially. Therefore, optimal decision making should result in the sub-game perfect equilibrium outcome. After estimating the likelihood of successfully passing another driver, the authors find some evidence that drivers make optimal decisions; however, driver behavior is also consistent with a simple heuristic of following the preceding car.
|Subjects:||H Social Sciences > HB Economic Theory|
|Research Area:||Economics and Institutional Change|
|Depositing User:||Ms T. Iannizzi|
|Date Deposited:||13 Nov 2013 11:23|
|Last Modified:||01 Sep 2014 12:46|
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